Form 4: Terawulf CEO Paul Prager Transfers 1,000,000 Shares to Somerset Goods and Services Trust

Terawulf Inc. CEO Paul B. Prager reported the contribution of 1,000,000 shares of common stock to Somerset Goods and Services Trust on August 29, 2024.

Summary

• On August 29, 2024, Paul B. Prager, CEO of Terawulf Inc., transferred 1,000,000 shares of common stock to Somerset Goods and Services Trust.
• The transaction was reported in a Form 4 filing with the SEC on September 3, 2024.
• Following the transaction, Prager directly owns 894,000 shares and indirectly owns 6,198,883 shares through Stammtisch Investments LLC, 260,513 shares through Beowulf Electricity & Data Inc., 5,000 shares through Heorot Power Holdings LLC, 654,706 shares through Lucky Liefern LLC, and 10,638 shares through Somerset Operating Company, LLC.
• Prager disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the holdings of Terawulf's CEO.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it is a transfer of shares to a trust.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates